First Time Home buyer Education

The Department of Housing and Urban Development (HUD) requires the completion of a Homebuyer Counseling Course for all borrowers receiving First Time Homebuyer Program assistance. Homebuyer counseling addresses vital information such as Money Management, Credit Education, Predatory Lending, and Responsibilities of Homeownership. The Fair Housing Council of Riverside County, Inc. believes that Homebuyer Education will empower you to make more informed decisions and enable you to effectively manage your resources leading to greater financial stability.The Fair Housing Council of Riverside County, Inc. is a HUD approved Housing Counseling Angency

First Time Home buyer Education Workshop’s

Homebuyer education classes provide an opportunity to learn about the home buying process in a neutral environment. Buyers who have taken home buying classes are more confident when asking questions and making decisions about homeownership and loan products. Education gives buyers the tools they need to avoid predatory lending and possible foreclosure.Many potential homeowners are intimidated because they feel the home buying process is complex.  One way to minimize the fear of the home buying process is to provide clear and consistent information and high quality guidance for buying a home.  The objective of this course is to help answer the many questions you have regarding the home buying process. The First time Homebuyer workshop will cover.

Section I: The Importance of budgeting

Topic A: What is a budget
Topic B: Why Budget
Topic C: How to start a Budget
Topic D: Setting Budgeting Goals

Section II a: Qualifying for a Home Loan
Topic A: The Pros & Cons of Homeownership
Topic B: The Costs Associated with Buying a Home 
Topic C: The Down Payment and Loan-to-Value
Topic D: Qualifying Ratios and Credit History 
Topic E: Pre-Qualification and Pre-Approval 

One on One Counseling

Our certified counselors are experts on the process of planning for and buying a home. Confidential, one-on-one counseling is available to help you review your current financial situation, go over your credit report, and develop the best possible strategy to get you into a home. Our counselors are available to meet with you in person or over the phone.Your counseling session will begin with a review of your current situation. You will be asked for information pertaining to your income and your expenses, so that your counselor can establish what you can afford to pay for a monthly house payment. Next, our counselor will review your credit report and provide valuable feedback on any steps necessary to improve your credit. Your counselor will review the home-buying process with you as well as discuss loan options and how to avoid predatory lending. Finally, your counselor will discuss different options for federal, state and city down payment assistance. As part of this process, our counselor will provide advice on managing money, using credit wisely and building a savings plan. Our counselor will work with you to develop a budget and a personalized plan to meet your financial goals.

For More Information please call:

Janette Martinez  951-682-6581 x112                  This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Jesse Limon        951-682-6581 x113                  This e-mail address is being protected from spambots. You need JavaScript enabled to view it